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Forum Post: Corzine is the OWS poster boy right now. These are details.

Posted 12 years ago on Nov. 20, 2011, 5:03 p.m. EST by stevemiller (1062)
This content is user submitted and not an official statement

Wall street fraud in plain view of regulators


November 20, 2011

The Honorable James Himes United States Representative 4th District of Connecticut

Re: The consistent pattern of CFTC Chairman Gary Gensler to cover up large crimes.

Dear Mr. Himes:

If Jon Corzine had nothing to do with the loss and he had no idea who the identity of the executive was who did lose that money by some gamble of a rogue trader, then Corzine would have denied his own responsibility. He has not denied his own involvement in the loss or stolen money.

It is therefore a ruse by the CFTC, FBI, and CME Group that they are claiming to investigate anything including any potential to recover that money that only Corzine had the authority and power to remove from any segregated account. Money has no feet and no legs to walk away by itself. Corzine stole the money and that money was lost right under the nose of the CME Group.

It is your responsibility as my representative and as a member of the House Financial Services Committee to formally blame CFTC Chairman Gary Gensler for his decision to protect Corzine from criminal charges. Gensler has chosen to conspire to protect Corzine.

On August 20, 2010, I asked for your oversight of the CFTC when I reported artificial prices that rigged treasury futures. When I followed up later with your staff I was dismissed by an outright lie that stated, “Your office lacked the resources to intervene with the CFTC”. When Senator Blumenthal got elected I asked him for oversight of the CFTC in the criminal rigging of treasury futures during July, August, and September 2010.

The CFTC has refused to cooperate with Senator Blumenthal. I identified 83 precise times and prices when PIMCO used the necessary mountain of treasury contracts (30 year, 10 year, and 5 year) necessary to artificially bid treasury prices higher. I am attaching my letters to Senator Blumenthal for your review. These are the official prices from the CME time and sales register. On 7/15/2010 the September Treasury bond contract (USU symbol) was 126-08 at 0730. On 8/25/2010 the USU was 136-28 at 0900, an increase of $10,625 on a $100,000 bond contract. How many consecutive legitimate winners can any trader make? This will be sent to Senator Blumenthal and Gary Gensler too.



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